Shares hit an all-time high of $154.31 on Wednesday, lifting it ahead of Microsoft with a market capitalisation of $3.77 trillion
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Abu Dhabi
Abu Dhabi’s Fertiglobe plans 2.5% share buyback, proposes $125mn dividend
The company’s AGM is slated for Wednesday, April 9
Mideast stocks: Most Gulf markets gain after Trump comments
Outside the Gulf, Egypt’s blue-chip index added 0.1 percent, helped by a 0.8 percent rise in Commercial International Bank
Abu Dhabi Securities Exchange
Lulu Retail Holding appoints BHM Capital as liquidity provider on ADX
This provides greater price stability and ensures adequate trading volumes at any given price level
Lucid electric vehicle
Saudi-backed EV maker Lucid expects to raise $1.67bn from stock offering
The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 30
Apple
Nvidia set to dethrone Apple as most valuable company as its shares close all time high
The latest gains lifted Nvidia’s market value to $3.39 trillion, just below Apple’s $3.52 trillion value and above Microsoft’s $3.12 trillion
China
Chinese markets reopen with a 10% jump after break; hits 2-year high
The markets, however, gave up a chunk of the gains following announcements on new revival plans
Artificial intelligence
Microsoft announces share buyback plan of up to $60 billion
Under pressure from investors to show results of its huge investments into AI, it also increases the quarterly dividend by 10 percent